Taiwan Semiconductor Mfg. Sees Unusually Large Options Volume (TSM)

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) saw some unusual options trading activity on Tuesday. Traders bought 5,192 put options on the company. This is an increase of approximately 535% compared to the typical volume of 817 put options.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Gravity Companies Inc. purchased a new position in shares of Taiwan Semiconductor Mfg. in the fourth quarter worth $114,000. SeaCrest Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Mfg. in the fourth quarter worth $109,000. Wagner Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Mfg. in the fourth quarter worth $121,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Taiwan Semiconductor Mfg. in the third quarter worth $113,000. Finally, Calton & Associates Inc. purchased a new position in shares of Taiwan Semiconductor Mfg. in the fourth quarter worth $146,000. 19.27% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts recently commented on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $42.00 target price (up previously from $40.00) on shares of Taiwan Semiconductor Mfg. in a research report on Tuesday, February 13th. Goldman Sachs Group raised shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Thursday, January 11th. ValuEngine raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group raised shares of Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 20th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.00.

Taiwan Semiconductor Mfg. (TSM) opened at $44.99 on Wednesday. The stock has a market cap of $224,110.00, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. Taiwan Semiconductor Mfg. has a fifty-two week low of $31.20 and a fifty-two week high of $46.57. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.06.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.15 billion. Taiwan Semiconductor Mfg. had a net margin of 35.08% and a return on equity of 23.73%. sell-side analysts expect that Taiwan Semiconductor Mfg. will post 2.5 EPS for the current year.

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Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.